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Equivalent Units of Production: weighted average method
The Converting Department of Tender Soft Tissue Company uses the weighted average method and had 1,600 units in work in process that were 70% complete @ the beginning of the period. During the period, 20,200 units were completed and transferred to the Packing Department. There were 900 units in process that were 30% complete @ the end of the period.
Problem a. Determine the number of whole units to be accounted for and to be assigned costs for the period.
Problem b. Determine the number of equivalent units of production for the period. Assume that direct materials are placed in process during production.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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